Where do I apply for Student Loans for Fall 2011?
Ay000000 Asked: Where do I apply for Student Loans for Fall 2011?
So I’m starting college in the fall and I just applied for FAFSA last week. Since the first half of payment is due August 15th, I need to go find a loan agency.
I have to pay 20,000 dollars by August 15th, so I need to apply ASAP. Where do I go? Is there anywhere online I could get an application?
I need a loan for 10,000 this semester that I don’t have to pay until after graduation and then 10,000 that is spread out through 4 monthly installments. And then I have to repeat it next semester, or do I get enough for the whole year? In that case, I need 20,000 each.
Answers:
just not that Answered:
Filling out the fafsa is the beginning process of taking out a student loan.Your school acts as the lender, you do all your paperwork through them and the money that you borrow goes directly to them.Unfortunately for you, (who apparently hasn’t been paying attention) most folk who are starting school in the fall did their fafsa back in Feb.You are incredibly late and not likely to get your paperwork done in time for payment.
This is unfortunate for you… as success in college requires planning and responsibility.It may be you may need to set out a semester, unless of course, you have 10,000 laying around the house or in your bank account.If you don’t, then you may need to wait until after Christmas to enroll for the spring semester.
Filling out the fafsa is the beginning process of taking out a student loan.Your school acts as the lender, you do all your paperwork through them and the money that you borrow goes directly to them.Unfortunately for you, (who apparently hasn’t been paying attention) most folk who are starting school in the fall did their fafsa back in Feb.You are incredibly late and not likely to get your paperwork done in time for payment.
This is unfortunate for you… as success in college requires planning and responsibility.It may be you may need to set out a semester, unless of course, you have 10,000 laying around the house or in your bank account.If you don’t, then you may need to wait until after Christmas to enroll for the spring semester.
Federal loans (by filling out the fafsa) do not require a credit check or a cosigner… but there is a limit on the amounts you can borrow on your own.dependent freshman can only borrow up to 5,500 a year.AYEAR… and it sounds like you need more than this at the school you are considering.Without a parent or a cosigner willing to borrow for you, you may need to find a better (cheaper) more Realistic school.
Again, those who succeed spend a year or more getting their plans together to start school (esp one that expensive).Waiting til the last minute is a guarantee you will surely fail (or starve to death or die of EXPOSURE when you are homeless college student).
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Categories: Loan Questions Tags: AYEAR, EXPOSURE, Johny Answered, loan